Gaotu Techedu Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	654.25	596.2	1,321	636.05	819.91	728.93
Short-Term Investments	2,072	2,709	1,845	2,254	2,924	2,774
Cash & Short-Term Investments	2,727	3,305	3,166	2,890	3,744	3,503
Cash Growth	11.96%	4.38%	9.56%	-22.81%	6.88%	-54.43%
Inventory	43.27	54.95	36.4	24.6	22.78	15.6
Other Current Assets	511.08	620.61	437.05	672.15	399.92	418.26
Total Current Assets	3,281	3,981	3,640	3,587	4,166	3,937
Net Property, Plant & Equipment	1,549	1,486	1,174	723.19	635.7	1,034
Other Intangible Assets	77.63	120.49	43.75	42.8	46.31	28.26
Goodwill	-	11.06	0.33	0.33	0.33	0.33
Long-Term Investments	501.36	551.64	922.74	1,030	-	-
Other Long-Term Assets	98.38	50.12	47.61	30.65	27.37	25.41
Total Assets	5,508	6,200	5,828	5,413	4,876	5,025
Accrued Expenses	1,371	1,537	1,245	805.03	662.19	693.27
Short-Term Debt	300	100	-	-	-	-
Current Portion of Leases	142.16	136.71	147.64	50.49	38.33	80.01
Unearned Revenue	1,629	2,289	1,867	1,113	906.91	986.99
Other Current Liabilities	181.84	181.98	0.67	4.28	1.79	-
Total Current Liabilities	3,624	4,245	3,261	1,973	1,609	1,760
Long-Term Debt	117.48	31.88	-	-	-	-
Long-Term Leases	301.08	316.7	344.61	137.65	44.2	276.04
Other Long-Term Liabilities	237.99	351.87	289.4	196.11	126.93	107.42
Total Long-Term Liabilities	656.54	700.45	634.01	333.76	171.12	383.46
Total Liabilities	4,280	4,946	3,895	2,307	1,780	2,144
Common Stock	0.12	0.12	0.12	0.12	0.12	0.11
Treasury Stock	-518.78	-496.13	-242.87	-85.18	-	-
Additional Paid-in Capital	7,918	7,934	7,991	7,988	7,916	7,793
Accumulated Other Comprehensive Income	-71.15	-48.07	-2.83	-33.21	-64.06	-143.11
Retained Earnings	-6,101	-6,136	-5,812	-4,763	-4,756	-4,769
Shareholders' Equity	1,227	1,254	1,933	3,106	3,096	2,881
Total Liabilities & Equity	5,508	6,200	5,828	5,413	4,876	5,025
Total Debt	860.72	585.3	492.24	188.15	82.52	356.05
Net Cash (Debt)	1,866	2,720	2,674	2,702	3,661	3,147
Net Cash Growth	-31.40%	1.70%	-1.03%	-26.21%	16.35%	-54.33%
Net Cash Per Share	7.69	11.12	10.40	10.37	13.87	12.28
Book Value	1,227	1,254	1,933	3,106	3,096	2,881
Book Value Per Share	5.06	5.12	7.52	11.92	11.73	11.25
Tangible Book Value	1,150	1,122	1,889	3,063	3,049	2,852
Tangible Book Value Per Share	4.74	4.59	7.35	11.75	11.55	11.13